11988 Wisconsin St · Detroit, MI
Flood risk 1/10 · Minimal
- FEMA flood zone
- X (unshaded)
- Chance of flooding over 30 yrs
- 0.0%
- Est. flood insurance / yr
- $473 – $860
Fire risk 1/10 · Minimal
- Est. fire insurance / yr
- $784 – $1,456
Heat risk 3/10 · Minor
- Hot days now (above 97°F)
- 7 days/yr
- Hot days in 30 yrs
- 15 days/yr
Wind risk 2/10 · Minimal
- Chance of severe wind over 30 yrs
- —
Air-quality risk 3/10 · Minor
- Unhealthy air days now
- 2 days/yr
- Unhealthy air days in 30 yrs
- 5 days/yr
Risk factors via First Street. Map © Google.
Why this score? — see what drove the B+ grade
The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).
- Cash flow +30.0/30.0
- 1% rule +10.0/10.0
- DSCR +10.0/10.0
- Appreciation +10.0/10.0
- ARV discount +7.5/15.0
- Livability +3.7/5.0
- Rent growth +2.5/5.0
- Condition / age +2.5/5.0
- Schools +1.3/10.0
$64,500
🖨 Deal sheet 📄 Offer letter ✓ Due diligence
Listing remarks MLS
Welcome to 11988 Wisconsin Street, a beautifully renovated Detroit home offering strong potential for both homeowners and investors alike. This property features a functional layout with generously sized rooms, abundant natural light, and classic character throughout. With a spacious living area, well-proportioned bedrooms, and a full basement providing ample storage or future finishing options, the home offers flexibility to make it your own. Conveniently located near major roadways, local amenities, and neighborhood redevelopment, this is a great opportunity to own in an area with continued upside and long-term value.
Key facts
- Renovated home
- Spacious living area
- Full basement
Tags
Neighborhood map
What this means for you Summary
Snapshot
- This is a 3-bed/1.0-bath single-family listed at $64k.
Deal economics
- At list price, monthly cash flow is $490 ($6k/yr) — positive.
- The deal already cash-flows at list — no discount required.
- Meets the 1% rule at list price ($1k rent vs $64k).
- Recommended offer: $57k (12.0% below list) — sets the bar for market timing.
- Cap rate 15.4% vs local median 10.2% in Detroit — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.
Location & tenants
- Location reads 73/100 on livability (#218 in MI) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, cost of living A+; Watch: schools F, crime F, employment F.
- Detroit Public Schools Community District (urban): math 10% / reading 24% proficiency, ranked #499 of 540 in MI (top 92%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 90% free/reduced lunch — lower-income household profile, screen leases tightly.
- Market conditions: 244 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 50% of comp listings sitting > 30 days — soft ceiling on asking rent; lower-income renter base — watch delinquency; 2,639 units permitted in Wayne County in 2024 (1,216 in 5+ unit buildings).
- This rent runs 40% of the median local income ($34k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.
Forward outlook
- In year one you build about $7k of equity ($446 loan paydown + $6k appreciation (10.0% local appreciation)).
- Wayne County population projected at -17% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
- At projected returns (10.0% appreciation + 3.0% rent growth), your $18k cash investment doubles in ~2 years — after that, you're playing with house money.
- By year 5, paydown + projected appreciation supports a ~$32k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.
Negotiation context
- It's been on market 126 days — a 12% lower offer ($57k) is reasonable based on typical stale-listing flexibility.
- 16 sale attempts since 3y ago; this cycle's ask has dropped $6k (8%) from the opening price — seller is motivated, your offer sets the floor, not the list.
- Current owner paid $35k; list at $64k implies a 84% gain — meaningful room to come down on a strong offer.
Risks & watch-outs
- Watch-outs: built in 1924 — expect roof / HVAC / electrical / plumbing capex.
Questions for the listing agent
- It's been on market 126 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
- Built in 1924 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
- Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
- What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
- What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
- How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.
Investment metrics
- 1% rule
- 1.80% ✓
- Cap rate
- 15.42%
- Cash-on-cash
- 32.58%
- DSCR
- 2.45
- GRM
- 4.6
CMA / ARV
- ARV (median comp)
- $42,493
- List price
- $64,500
- Delta
- 51.79%
- Verdict
- OVERPRICED
- Comps
- 20 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
| Address | Dist | Beds/Ba | Sqft | Sold | Price | $/sf | Match |
|---|---|---|---|---|---|---|---|
| 12440 Mendota St | 0.44mi | 3/1.0 | 1,035 (+0%) | 2mo | $39,999 | $39 | 78 |
| 11717 Kentucky St | 0.24mi | 2/1.0 (-1) | 1,034 (+0%) | 14mo | $13,000 | $13 | 72 |
| 11642 Griggs St | 0.41mi | 2/1.0 (-1) | 1,056 (+2%) | 7mo | $9,000 | $9 | 66 |
| 8691 Elmira St | 0.49mi | 3/1.0 | 1,001 (-3%) | 10mo | $35,000 | $35 | 64 |
| 12740 Mendota St | 0.53mi | 3/1.0 | 972 (-6%) | 6mo | $90,000 | $93 | 60 |
| 11437 Manor St | 0.70mi | 3/1.0 | 1,006 (-2%) | 5mo | $53,900 | $54 | 59 |
| 12765 Wyoming Ave | 0.38mi | 3/1.0 | 928 (-10%) | 10mo | $35,000 | $38 | 57 |
| 10300 Orangelawn St | 0.70mi | 3/1.0 | 1,092 (+6%) | 4mo | $52,000 | $48 | 54 |
| 13124 Kentucky St | 0.42mi | 3/1.5 | 1,140 (+10%) | 10mo | $31,000 | $27 | 53 |
| 11695 Kentucky St | 0.26mi | 2/1.5 (-1) | 912 (-12%) | 14mo | $25,000 | $27 | 50 |
| 10123 Crocuslawn St | 0.75mi | 3/1.0 | 1,107 (+7%) | 7mo | $104,999 | $95 | 47 |
| 10342 Cedarlawn St | 0.52mi | 4/1.0 (+1) | 1,174 (+14%) | 15mo | $125,000 | $106 | 35 |
Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.
Projected returns pro-forma
10.0% appreciation · 3.0% rent growth · sell at horizon
- IRR
- 49.2%
- Equity multiple
- 4.67×
- Total profit
- $66,367
- Equity at exit
- $58,107
- IRR
- 42.9%
- Equity multiple
- 10.46×
- Total profit
- $170,893
- Equity at exit
- $125,309
Cash invested: $18,060 (down + closing). Projections, not guarantees.
Landlord ↔ Tenant lean methodology
- Overall (STATE)
- 62 Landlord-Friendly
- State Michigan
- 62 Landlord-Friendly · EVEN
- County
- — inherits STATE
- City
- — inherits STATE
ZIP-level market 48204
- Home prices YoY
- 18.5%
- Active inventory
- 244
- Price-to-rent
- 4.6×
Monthly cashflow live
- Estimated rent
- $1,163 high interval (Pro) →
- Mortgage (P&I)
- −$338
- Tax from tax record
- −$63 /mo · $761/yr
- Insurance
- −$27
- HOA
- −$0
- Vacancy / Maint / Mgmt
- −$244
- Net cashflow
- $490
Break-even live
UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt
Financing live
Cash to close
- Down payment
- $16,125
- Closing costs
- $1,935
- Reserves months
- —
- Total cash needed
- —
Loan-product check · same deal, 3 products live
Conventional
25% down · 7.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Personal DTI + credit; lowest rate.
DSCR
20% down · 8.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
No personal income docs; deal must DSCR.
Hard money
10% down · 12.0% · 12mo
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Short-term bridge; refi at stabilization.
Rent comps 40 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 12144 Washburn St Detroit, MI | 3.0 | 1.0 | 1200 | $1,200 | $1.00 | 14d | 1 | 0.18mi |
| 12303 Cloverlawn St Detroit, MI | 3.0 | 1.5 | 1454 | $1,400 | $0.96 | 43d | 1 | 0.23mi |
| 12703 Northlawn St Detroit, MI | 2.0 | 1.0 | 1365 | $1,053 | $0.77 | 20d | 1 | 0.34mi |
| 12468 Mendota St Detroit, MI | 2.0 | 1.0 | 1100 | $1,000 | $0.91 | 24d | 1 | 0.43mi |
| 12468 Mendota St Detroit, MI | 2.0 | 1.0 | 1100 | $1,100 | $1.00 | 43d | 1 | 0.43mi |
| 13620 Kentucky St Detroit, MI | 3.0 | 1.0 | 1248 | $1,200 | $0.96 | 4d | 1 | 0.69mi |
| 12415 Monica St Detroit, MI | 2.0 | 1.0 | 1000 | $1,200 | $1.20 | 43d | 1 | 0.71mi |
| 12775 Plymouth Rd Unit 16 Detroit, MI | 2.0 | 1.0 | 1009 | $825 | $0.82 | 43d | 1 | 0.75mi |
| 10002 Manor Unit 1 Detroit, MI | 2.0 | 1.0 | 1000 | $1,050 | $1.05 | 43d | 1 | 0.76mi |
| 10002 Manor Unit 2 Detroit, MI | 3.0 | 1.0 | 1100 | $1,150 | $1.05 | 43d | 1 | 0.76mi |
| 10345 Crocuslawn Ave Unit 2 Detroit, MI | 2.0 | 1.0 | 850 | $950 | $1.12 | 43d | 1 | 0.76mi |
| 12032 Santa Rosa Dr Unit 1 Detroit, MI | 3.0 | 1.0 | 900 | $1,423 | $1.58 | 4d | 1 | 0.78mi |
| 12019 Stoepel St Detroit, MI | 2.0 | 1.0 | 1000 | $943 | $0.94 | 4d | 1 | 0.80mi |
| 10359 Violetlawn St Unit 1 Detroit, MI | 2.0 | 1.0 | 1200 | $985 | $0.82 | 43d | 1 | 0.81mi |
| 13979 Cherrylawn St Detroit, MI | 3.0 | 1.0 | 1296 | $1,334 | $1.03 | 20d | 1 | 0.82mi |
| 12663 Stoepel St Detroit, MI | 2.0 | 1.0 | 1100 | $1,050 | $0.95 | 21d | 1 | 0.83mi |
| 12663 Stoepel St Unit 1 Detroit, MI | 2.0 | 1.0 | 750 | $975 | $1.30 | 17d | 1 | 0.83mi |
| 10303 Morley St #1 Detroit, MI | 2.0 | 1.0 | 950 | $950 | $1.00 | 43d | 1 | 0.84mi |
| 2926 Ewald Cir Detroit, MI | 2.0 | 1.0 | 800 | $900 | $1.12 | 17d | 1 | 0.85mi |
| 13620 Tuller St Detroit, MI | 4.0 | 1.0 | 1064 | $1,374 | $1.29 | 12d | 1 | 0.86mi |
| 14011 Roselawn St Detroit, MI | 4.0 | 1.5 | 1300 | $1,450 | $1.12 | 1d | 1 | 0.88mi |
| 14011 Roselawn St Detroit, MI | 4.0 | 1.5 | 1300 | $1,450 | $1.12 | 17d | 1 | 0.88mi |
| 13965 Mendota St Detroit, MI | 3.0 | 1.0 | 1222 | $1,294 | $1.06 | 17d | 1 | 0.90mi |
| 9353 Kentucky St Detroit, MI | 2.0 | 1.0 | 800 | $999 | $1.25 | 17d | 1 | 0.91mi |
| 9558 Meyers Rd Detroit, MI | 3.0 | 1.0 | 950 | $1,150 | $1.21 | 43d | 1 | 0.97mi |
| 14242 Ohio St Detroit, MI | 4.0 | 1.0 | 1400 | $1,000 | $0.71 | 43d | 1 | 1.00mi |
| 9917 Woodside St Apt 1 Detroit, MI | 2.0 | 1.0 | 800 | $800 | $1.00 | 43d | 1 | 1.08mi |
| 2690 Ewald Cir Detroit, MI | 1.0–2.0 | 1.0 | 750 | $900 | $1.20 | 24d | 4 | 1.11mi |
| 4336 Buena Vista St Detroit, MI | 3.0 | 1.0 | 1300 | $1,100 | $0.85 | 43d | 1 | 1.12mi |
| 9022 Northlawn St Detroit, MI | 2.0 | 1.0 | 1100 | $1,300 | $1.18 | 24d | 1 | 1.18mi |
| Ohio St Unit 4 Detroit, MI | 4.0 | 1.5 | 1400 | $750 | $0.54 | 43d | 1 | 1.19mi |
| 4287 W Grand St Unit 4289 Detroit, MI | 3.0 | 1.0 | 1250 | $1,000 | $0.80 | 43d | 1 | 1.19mi |
| 11704 Broadstreet Ave Detroit, MI | 3.0 | 1.0 | 1200 | $1,050 | $0.88 | 43d | 1 | 1.22mi |
| 9789 Chenlot St Unit 1 Detroit, MI | 2.0 | 1.0 | 1000 | $1,000 | $1.00 | 4d | 1 | 1.22mi |
| 4268 Cortland St Unit 1 Detroit, MI | 2.0 | 1.0 | 1000 | $1,050 | $1.05 | 43d | 1 | 1.23mi |
| 4203 Tyler St Detroit, MI | 2.0 | 1.0 | 950 | $895 | $0.94 | 43d | 1 | 1.25mi |
| 14550 Northlawn St Detroit, MI | 3.0 | 2.0 | 950 | $1,200 | $1.26 | 16d | 1 | 1.26mi |
| 9355 Ward St Detroit, MI | 3.0 | 1.0 | 1200 | $1,327 | $1.11 | 43d | 1 | 1.27mi |
| 14570 Cherrylawn St Detroit, MI | 3.0 | 1.0 | 840 | $1,250 | $1.49 | 12d | 1 | 1.27mi |
| 13717 Keal St Detroit, MI | 2.0 | 1.0 | 799 | $1,000 | $1.25 | 43d | 1 | 1.32mi |
Listing history 50 events
-
2026-04-16price $64,500 627-char remark
Show marketing remark (627 chars)
Welcome to 11988 Wisconsin Street, a beautifully renovated Detroit home offering strong potential for both homeowners and investors alike. This property features a functional layout with generously sized rooms, abundant natural light, and classic character throughout. With a spacious living area, well-proportioned bedrooms, and a full basement providing ample storage or future finishing options, the home offers flexibility to make it your own. Conveniently located near major roadways, local amenities, and neighborhood redevelopment, this is a great opportunity to own in an area with continued upside and long-term value.
-
2026-04-16price $64,500 627-char remark
Show marketing remark (627 chars)
Welcome to 11988 Wisconsin Street, a beautifully renovated Detroit home offering strong potential for both homeowners and investors alike. This property features a functional layout with generously sized rooms, abundant natural light, and classic character throughout. With a spacious living area, well-proportioned bedrooms, and a full basement providing ample storage or future finishing options, the home offers flexibility to make it your own. Conveniently located near major roadways, local amenities, and neighborhood redevelopment, this is a great opportunity to own in an area with continued upside and long-term value.
-
2026-03-10price $66,000 627-char remark
Show marketing remark (627 chars)
Welcome to 11988 Wisconsin Street, a beautifully renovated Detroit home offering strong potential for both homeowners and investors alike. This property features a functional layout with generously sized rooms, abundant natural light, and classic character throughout. With a spacious living area, well-proportioned bedrooms, and a full basement providing ample storage or future finishing options, the home offers flexibility to make it your own. Conveniently located near major roadways, local amenities, and neighborhood redevelopment, this is a great opportunity to own in an area with continued upside and long-term value.
-
2026-03-10price $66,000 627-char remark
Show marketing remark (627 chars)
Welcome to 11988 Wisconsin Street, a beautifully renovated Detroit home offering strong potential for both homeowners and investors alike. This property features a functional layout with generously sized rooms, abundant natural light, and classic character throughout. With a spacious living area, well-proportioned bedrooms, and a full basement providing ample storage or future finishing options, the home offers flexibility to make it your own. Conveniently located near major roadways, local amenities, and neighborhood redevelopment, this is a great opportunity to own in an area with continued upside and long-term value.
-
2026-02-25price $67,500 627-char remark
Show marketing remark (627 chars)
Welcome to 11988 Wisconsin Street, a beautifully renovated Detroit home offering strong potential for both homeowners and investors alike. This property features a functional layout with generously sized rooms, abundant natural light, and classic character throughout. With a spacious living area, well-proportioned bedrooms, and a full basement providing ample storage or future finishing options, the home offers flexibility to make it your own. Conveniently located near major roadways, local amenities, and neighborhood redevelopment, this is a great opportunity to own in an area with continued upside and long-term value.
-
2026-02-25price $67,500 627-char remark
Show marketing remark (627 chars)
Welcome to 11988 Wisconsin Street, a beautifully renovated Detroit home offering strong potential for both homeowners and investors alike. This property features a functional layout with generously sized rooms, abundant natural light, and classic character throughout. With a spacious living area, well-proportioned bedrooms, and a full basement providing ample storage or future finishing options, the home offers flexibility to make it your own. Conveniently located near major roadways, local amenities, and neighborhood redevelopment, this is a great opportunity to own in an area with continued upside and long-term value.
-
2026-02-12price $68,500 627-char remark
Show marketing remark (627 chars)
Welcome to 11988 Wisconsin Street, a beautifully renovated Detroit home offering strong potential for both homeowners and investors alike. This property features a functional layout with generously sized rooms, abundant natural light, and classic character throughout. With a spacious living area, well-proportioned bedrooms, and a full basement providing ample storage or future finishing options, the home offers flexibility to make it your own. Conveniently located near major roadways, local amenities, and neighborhood redevelopment, this is a great opportunity to own in an area with continued upside and long-term value.
-
2026-02-12price $68,500 627-char remark
Show marketing remark (627 chars)
Welcome to 11988 Wisconsin Street, a beautifully renovated Detroit home offering strong potential for both homeowners and investors alike. This property features a functional layout with generously sized rooms, abundant natural light, and classic character throughout. With a spacious living area, well-proportioned bedrooms, and a full basement providing ample storage or future finishing options, the home offers flexibility to make it your own. Conveniently located near major roadways, local amenities, and neighborhood redevelopment, this is a great opportunity to own in an area with continued upside and long-term value.
-
2026-01-22$70,000 Active 627-char remark
Show marketing remark (627 chars)
Welcome to 11988 Wisconsin Street, a beautifully renovated Detroit home offering strong potential for both homeowners and investors alike. This property features a functional layout with generously sized rooms, abundant natural light, and classic character throughout. With a spacious living area, well-proportioned bedrooms, and a full basement providing ample storage or future finishing options, the home offers flexibility to make it your own. Conveniently located near major roadways, local amenities, and neighborhood redevelopment, this is a great opportunity to own in an area with continued upside and long-term value.
-
2026-01-22$70,000 Active 627-char remark
Show marketing remark (627 chars)
Welcome to 11988 Wisconsin Street, a beautifully renovated Detroit home offering strong potential for both homeowners and investors alike. This property features a functional layout with generously sized rooms, abundant natural light, and classic character throughout. With a spacious living area, well-proportioned bedrooms, and a full basement providing ample storage or future finishing options, the home offers flexibility to make it your own. Conveniently located near major roadways, local amenities, and neighborhood redevelopment, this is a great opportunity to own in an area with continued upside and long-term value.
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2025-03-31historical
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2025-03-31historical
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2025-01-21price $78,900
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2025-01-21price $78,900
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2024-11-22status Active
-
2024-11-22status Active
-
2024-11-18status Pending
-
2024-11-18status Pending
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2024-11-08status Active
-
2024-11-08status Active
-
2024-10-10status Pending
-
2024-10-10status Pending
-
2024-10-02price $79,900
-
2024-10-02price $79,900
-
2024-06-20$84,900 Active
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2024-06-20$84,900 Active
-
2024-06-18historical
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2024-06-18historical
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2024-05-31price $93,900
-
2024-05-30price $93,900
-
2024-04-25$94,900 Active
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2024-04-25$94,900 Active
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2024-04-12historical
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2024-04-12historical
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2024-02-08price $84,900
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2024-02-07price $84,900
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2024-01-13price $89,800
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2024-01-12price $89,800
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2023-11-18price $89,900
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2023-11-17price $89,900
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2023-10-27$90,000 Active
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2023-10-27$90,000 Active
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2023-08-21status Pending
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2023-08-18soldstatus $35,000 Sold
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2023-08-18soldstatus $35,000 Closed
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2023-08-01price $37,000
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2023-08-01price $37,000
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2023-07-19historical
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2023-07-19$45,000 Active
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2023-07-19historical
ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot
backfill from property_details.listing_events for pre-trigger history.
Tax reassessment forecast MI · Partial reset (capped growth)
- Current annual tax
- $761 · $63/mo
- Projected year-2 tax
- $877 · $73/mo
- Expected delta
- +$116/yr (+$10/mo · 15.2%)
ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.
Climate risk First Street
- Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
- Wildfire 1/10 Low
- Heat 3/10 Moderate 7 d/yr ≥97°F today · 15 d/yr by 30 yrs out
- Wind 2/10 Low
- Air quality 3/10 Moderate 2 unhealthy d/yr today · 5 by 30 yrs out
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
Loading nearby amenities…
Taxation est. · year 1
- Rental income
- $13,958
- − Mortgage interest
- −$3,613
- − Property taxes
- −$761
- − Insurance
- −$322
- − Repairs & maintenance
- −$1,117
- − Management
- −$1,117
- − Depreciation
- −$1,876
- Taxable income
- $5,152
- Est. tax owed @ 24.0%
- −$1,236
- After-tax cash flow
- $4,648/yr
For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.
Schools (NCES district)
- District
- Detroit Public Schools Community District
- NCES district ID
- 2601103
- Math proficiency
- 10% ▼ -2.00%
- Reading proficiency
- 24% ▲ 6.00%
- Median HH income
- $25,815
- Composite
- 13.06/100
- National rank
- #9564
- State rank
- #499 of 540 in MI
Livability — Detroit
- Score
- 73/100
- State rank
- #218
- US rank
- #5427
Category grades
Schools grade is shown separately in the Schools card above.
Census & demographics
- Census place
- Detroit, MI
- County
- Wayne County · 1,562,939 people
- City population
- 572,865
- Metro
- Detroit-Warren-Dearborn, MI
- Population (ZIP)
- 20,696
- Household income
- $34,468
- Rent vs Own
- Severe rent burden
- 1418.0
Population outlook (Wayne County) Hauer SSP2
- Today (2025)
- 1,675,273 people
- By 2030
- 1,620,300 · -3.3%
- By 2040
- 1,502,341 · -10.3%
- By 2050
- 1,384,039 · -17.4%
- By 2075
- 1,124,592 · -32.9%
- By 2100
- 881,193 · -47.4%
Race, ethnicity, and origin ACS 2023
- Neighborhood character
- Predominantly Black (86%)
- Race & ethnicity
- Black 86% Two or more races 7% Hispanic / Latino 5% White 4% Native American 2%
- Hispanic origin (detail)
- Mexican 4%
- Common ancestry
- Hispanic 1% Romanian 1%
- Foreign-born
- 2% · Canada
- Languages at home
- 95% English-only · Spanish 4%
Political lean MEDSL · Wayne
- 2024 margin
- Strong D (+29.0) · D 62.7% · R 33.7% · Other 3.6%
- 2008→2024 swing
- -20.5pp toward R · 2008: 49.5pp · 2024: 29.0pp
- All cycles
- 2024: D+29.0 2020: D+38.1 2016: D+37.3 2012: D+46.9 2008: D+49.5
Not yet ingested
- Civics
- —
Market trends
- HPI YoY
- ▲ 36.51%
- Current HPI
- 234.0465
- Rent YoY
- —
- Metro
- Detroit-Warren-Dearborn, MI
- State GDP YoY
- ▲ 1.37%
- F500 in state
- 28
Industry mix (Fortune 500 HQ in MI)
| Industry | F500 HQs | Revenue |
|---|---|---|
| Automotive Parts | 3 | $48B |
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| Automotive | 2 | $372B |
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| Chemicals | 1 | $45B |
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| Automotive Retail | 1 | $29B |
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| Healthcare / Medical Devices | 1 | $23B |
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| Automotive Technology | 1 | $20B |
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Price history
-12.8% since first listed57 events — show timeline
- 2026-04-16 Price Changed $64,500 MiRealSource-MiMLS
- 2026-04-16 Price Changed $64,500 REALCOMP
- 2026-03-10 Price Changed $66,000 MiRealSource-MiMLS
- 2026-03-10 Price Changed $66,000 REALCOMP
- 2026-02-25 Price Changed $67,500 MiRealSource-MiMLS
- 2026-02-25 Price Changed $67,500 REALCOMP
- 2026-02-12 Price Changed $68,500 MiRealSource-MiMLS
- 2026-02-12 Price Changed $68,500 REALCOMP
- 2026-01-22 Listed $70,000 REALCOMP
- 2026-01-22 Listed $70,000 MiRealSource-MiMLS
- 2025-03-31 Listing Removed — MiRealSource-MiMLS
- 2025-03-31 Listing Removed — REALCOMP
- 2025-01-21 Price Changed $78,900 MiRealSource-MiMLS
- 2025-01-21 Price Changed $78,900 REALCOMP
- 2024-11-22 Relisted — REALCOMP
- 2024-11-22 Relisted — MiRealSource-MiMLS
- 2024-11-18 Pending — MiRealSource-MiMLS
- 2024-11-18 Pending — REALCOMP
- 2024-11-08 Relisted — REALCOMP
- 2024-11-08 Relisted — MiRealSource-MiMLS
- 2024-10-10 Pending — MiRealSource-MiMLS
- 2024-10-10 Pending — REALCOMP
- 2024-10-02 Price Changed $79,900 MiRealSource-MiMLS
- 2024-10-02 Price Changed $79,900 REALCOMP
- 2024-06-20 Listed $84,900 MiRealSource-MiMLS
- 2024-06-20 Listed $84,900 REALCOMP
- 2024-06-18 Listing Removed — MiRealSource-MiMLS
- 2024-06-18 Listing Removed — REALCOMP
- 2024-05-31 Price Changed $93,900 MiRealSource-MiMLS
- 2024-05-30 Price Changed $93,900 REALCOMP
- 2024-04-25 Listed $94,900 MiRealSource-MiMLS
- 2024-04-25 Listed $94,900 REALCOMP
- 2024-04-12 Listing Removed — MiRealSource-MiMLS
- 2024-04-12 Listing Removed — REALCOMP
- 2024-02-08 Price Changed $84,900 MiRealSource-MiMLS
- 2024-02-07 Price Changed $84,900 REALCOMP
- 2024-01-13 Price Changed $89,800 MiRealSource-MiMLS
- 2024-01-12 Price Changed $89,800 REALCOMP
- 2023-11-18 Price Changed $89,900 MiRealSource-MiMLS
- 2023-11-17 Price Changed $89,900 REALCOMP
- 2023-10-27 Listed $90,000 MiRealSource-MiMLS
- 2023-10-27 Listed $90,000 REALCOMP
- 2023-08-21 Pending — REALCOMP
- 2023-08-18 Sold (MLS) $35,000 MiRealSource-MiMLS
- 2023-08-18 Sold (MLS) $35,000 REALCOMP
- 2023-08-01 Price Changed $37,000 MiRealSource-MiMLS
- 2023-08-01 Price Changed $37,000 REALCOMP
- 2023-07-19 Listing Removed — MiRealSource-MiMLS
- 2023-07-19 Listed $45,000 MiRealSource-MiMLS
- 2023-07-19 Listing Removed — REALCOMP
- 2023-07-19 Listed $45,000 REALCOMP
- 2023-07-12 Price Changed $55,000 MiRealSource-MiMLS
- 2023-07-12 Price Changed $55,000 REALCOMP
- 2023-06-28 Price Changed $65,000 MiRealSource-MiMLS
- 2023-06-28 Price Changed $65,000 REALCOMP
- 2023-06-16 Listed $74,000 MiRealSource-MiMLS
- 2023-06-16 Listed $74,000 REALCOMP
Property tax history
-3.5%/yrLatest (2025): $761 · -53.4% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…